Commission Disclosures

Objective

This Commission Disclosure Policy is prepared in accordance with SEBI and AMFI guidelines requiring Mutual Fund Distributors to disclose commission structures received from Asset Management Companies (AMCs).

It ensures complete transparency for investors and complies with SEBI Circulars on commission disclosures at the point of sale and on distributor websites, as well as the AMFI Master Circular for MFDs dated 14-January-2026.

How Commission Works

When you invest in a Regular Plan mutual fund through Swaraj FinPro Private Limited (ARN-91802) , the AMC pays us a trail commission.

This commission is:

  • A percentage of your invested amount
  • Paid by the AMC from the scheme's Total Expense Ratio (TER)
  • Already included in the NAV

Important: This commission does NOT increase your investment cost

Direct Plans of the same scheme have a lower expense ratio because they do not include distributor commission.

Investors may choose to invest in Direct Plans directly through AMC websites or apps without distributor involvement.

Trail Commission Structure (Indicative Range)

The following table provides indicative trail commission rates received from various AMCs. Actual commissions may vary based on AMC slabs, investor location (T30/B30), AUM levels, and SEBI regulations.

Commision Disclosure

Key Disclosures

  1. Swaraj FinPro Private Limited receives only trail commission from AMCs. We do not accept any upfront commission, incentive commission, or one-time payments from any AMC.
  2. Investors may refer to their Consolidated Account Statement (CAS) issued by CAMS or KFintech, which shows the actual commission paid.
  3. Commissions are paid directly by AMCs and are included in the TER. They do not increase investor cost.
  4. Swaraj FinPro Private Limited does not receive any gifts, incentives, or non-cash benefits from AMCs that may create a conflict of interest.
  5. Investors may choose Direct Plans through AMC platforms, which have lower expense ratios.
  6. Our recommendations are based on objective criteria (performance, risk, suitability) and are never influenced by commission rates.

Compliance References

  • AMFI Master Circular for MFDs dated 14-January-2026
  • SEBI Master Circular for Mutual Funds
  • SEBI Circular No. HO/(79)2026-MIRSD-PODMMC
  • AMFI Code of Conduct for Mutual Fund Distributors